Pipette, point, tick: what do these mean on your platform?

Different platforms slice price differently. A pipette is a tenth of a pip, a point is often the same thing in MetaTrader, and a tick is the smallest price change — but brokers define these terms in their own ways.

Pipette, point, tick: what do these mean on your platform? — pip movement diagram
How a pip moves the exchange rate

Post the platform you use and what these words mean there, especially if you've been confused by a broker's "points" not matching pips. The community can sort the differences out together.

Pipette, point, tick: what do these mean on your platform? — moving average crossover diagram
A fast moving average crossing a slower one

The pip guide explains the standard definitions.

Background: What is a pip? How to calculate pip value, with examples

A pip is the smallest standard price step in a currency pair. Here is how pips, pipettes and pip values work on EUR/USD, USD/JPY, crosses and gold.

How much is one pip worth on EUR/USD?

On a dollar account, $10 per pip for one standard lot (100,000 units), $1 for a mini lot and $0.10 for a micro lot.

What is a pipette?

A pipette is one tenth of a pip: the fifth decimal place on most pairs, or the third on yen pairs.

Read the full guide

Comments

Log in to join the discussion. Comments follow the community guidelines.

Log in to comment

Loading comments…